Solved

A Bakery Uses Flour to Produce Bread

Question 23

Multiple Choice

A bakery uses flour to produce bread. When calculating GDP, we include ________, because when we add the value of the flour to the value of the loaf of bread to calculate GDP, the result is ________.


A) only the value of the bread sold in a store; double counting
B) only the value of the flour used to produce the bread; double counting
C) both the value of the bread sold in a store and the value of the flour used to produce the bread; double counting
D) both the value of the bread sold in a store and the value of the flour used to produce the bread; the true value of the economy's output
E) none of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents